Businesses Interested In New Ideas - MLHR, GRHU, PRPX, HIRU, HE

Nov. 21, 2010 12:06 PM ET

GreenHouse Holdings, Inc. (OTCQB:GRHU), a San Diego, California-based integrated energy solutions provider and developer of eco-friendly infrastructure, today announced the results of operations for the third quarter of Fiscal Year 2010 and is providing a shareholder update.

Revenues for the nine months ended September 30, 2010 were approximately $4,428,000 compared to approximately $3,486,000 for the nine months ended September 30, 2009, an increase of approximately $942,000 or 27%. This increase was due to increased sales of our energy efficient products and services to residential customers as a result of our expansion of our sales and marketing infrastructure.

Gross profit percentage increased from 37% for the nine months ended September 30, 2009 to 41% for the nine months ended September 30, 2010 due to our increased focus on negotiating better prices and discounts from our suppliers and vendors, our increased focus on sales training and customer pricing, and sales of higher margin products and services.

For the 2009 fiscal year and for the nine months ended September 30, 2010, GreenHouse's gross profit percentage has fluctuated between approximately 40% and 50% due to normal fluctuations in the sales mix of products and services.

GreenHouse Holdings, Inc. is a San Diego, California based integrator of some of the world's most innovative environmental, public safety, infrastructure technologies.

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Hiru Corporation (PINK:HIRU) is considering a merger with a Canada-based health products company. This company operates a full-service natural health clinic and distributes its signature brand of health products.

Hiru Corporation's various products promote brain health, pain management and hormone balance, and help combat high blood pressure and high cholesterol. These products come highly regarded by the Chinese market, and have already received positive online testimonials from consumers who say using the products improved their health.

Hiru Corporation is excited at the prospect of merging with this growing medical company, which has distributors and franchise outlets opening across the country. The name, revenues and all other details will be released by Hiru Corporation shortly, as the discussions progress. Hiru Corporation is of the opinion that this is a material event that warrants a public announcement.

In other corporate news, Hiru Corporation intends to rescind the 5-1 forward split previously under consideration, as upon further review the management is of the opinion that this course of action would not be in the best interest of the shareholders.

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Herman Miller (NASDAQ:MLHR) announced recently the launch of a direct-to-consumer eCommerce store through the Herman Miller website at HermanMiller.com/store. The primary focus of the new eCommerce launch is to strengthen brand awareness and communicate the Herman Miller story directly with consumers.

Herman Miller works for a better world around you—with inventive designs, technologies and related services that improve the human experience wherever people work, heal, learn, and live.

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Portec Rail Products, Inc. (NASDAQ:PRPX) recently announced unaudited net income of $1,241,000 or $0.13 per share for the three months ended September 30, 2010, and $2,562,000 or $0.27 per share for the nine months ended September 30, 2010.

Portec Rail Products, Inc. engages in the manufacture, supply, and distribution of various rail products in the United States and internationally.

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Hawaiian Electric Industries, Inc. (NYSE:HE) recently, the board of directors of Hawaiian Electric Industries, Inc. maintained the regular quarterly cash dividend of 31 cents per share, payable December 10, 2010, to shareholders of record at the close of business on November 15, 2010 (ex-dividend date is November 10, 2010). The dividend is equivalent to an annual rate of $1.24 per share.

Hawaiian Electric Industries, Inc., through its subsidiaries, primarily engages in electric utility and banking businesses primarily in the state of Hawaii.

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